Libya Unrest Spurs New Look At US Drilling

Law360, New York (February 24, 2011, 12:36 PM EST) -- With energy prices skyrocketing in response to the turmoil in oil-rich Libya, U.S. House of Representatives leaders said Wednesday they will take a fresh look at the White House's “de facto moratorium” on U.S. drilling in deep offshore waters.

House Natural Resources Committee Chairman Doc Hastings, R-Wash., and Subcommittee on Energy and Mineral Resources Chairman Doug Lamborn, R-Colo., announced an “aggressive schedule of hearings” during March to examine “the Obama administration's slow-walking of permits and the impacts of the de facto moratorium on our economy, jobs...